Understanding deductibles may save money
January 22, 2012 by Gabriel Cover · Leave a Comment
In a money-tight economy, drivers and homeowners who are knowledgeable about their insurance deductibles get the most out of their insurance dollars. A recent report from the Insurance Information Institute outlines the basics of insurance deductibles, so current and potential auto and homebuyers can make smart choices when it comes to their policies.
A deductible, which is the amount deducted from an insured loss, serves an important role of the insurance contract and represents the share of risk between the insurer and the insured.
House Bans State Access to Health Exchange Grant Money
May 7, 2011 by Hamish Hillary · Leave a Comment
The U.S. House of Representatives voted on Tuesday to ban federal grant money meant to help states set up health exchanges. The 238-183 vote, which was primarily along party lines and strongly objected by President Barack Obama, was a part of Republicans continued push to dismantle health care reform.
Republicans Oppose Funding for Health Exchanges
When Obama signed the health care reform bill into law in March 2010, one of the changes that occurred in the world of health insurance was the creation of the health exchange, which would be a place where individuals could go to compare various policy options and select the one that was best for them.
The exchanges were created to lower insurance costs for those who dont have coverage available to them via an employer or are self-employed by offering them access to rates found in group coverage that companies already have available to them.
Lawmakers in favor of the exchanges hoped they could help Americans meet the requirement of mandatory coverage by making insurance affordable. Howev
Changing Your Auto Insurance Deductible to Save Money
February 15, 2011 by Lilly Hudson · Leave a Comment
Making simple changes to your auto insurance deductible can save money. With today’s poor economy, nearly everyone is looking for ways to spend less. There are risks involved though, so policy owners should be wary of making changes that will not be beneficial in the event of an accident. Talk to an insurance representative before making any changes to determine what changes will be best for you.
What is an Auto Insurance Deductible?
Before raising an auto insurance deductible, it is important to understand what it means. An auto insurance deductible is the out-of-pocket expense that a vehicle owner will be liable for if they get in an accident. The lower the deductible is the higher the premium will be. Deductibles usually range from $0 to $2500. If you